60 Million Barrels estimate...Cap 10 mil I had trouble finding the news so here it is..
Recoverable barrels at least 1.58 million to 6.31 million stock tank barrels.
Deloro receives estimates of oil in place at Wilkie
2007-07-19 16:26 ET - News Release
Mr. Louis Lees reports
Deloro Resources Ltd. is releasing the results of an engineering study of the oil in place at its heavy oil project located in the Wilkie area of Saskatchewan.
Deloro Resources is the operator and owns a 75-per-cent interest in the project.
The Wilkie is a heavy oil project on a land package of 3,765 leased acres. These government of Saskatchewan leases cover a channel in the McLaren zone one-half to three-fourths of a mile wide and approximately five miles long. The zone is at a depth of 2,035 feet with six vertical wells and one horizontal well drilled into the structure defining a heavy oil pay zone with gross sand thickness of 30 to 50 feet.
Reliance Engineering Group Ltd. recently completed an independent report in which estimates of oil in place were performed in accordance with National Instrument 51-101 guidelines and generally accepted industry standards.
Oil in place (100 per cent) was calculated based on McLaren sand net pay isopach maps and the average reservoir parameters. The original oil in place underneath company land was calculated to be approximately 63.1 million stock tank barrels.
By applying a 2.5-to-10-per-cent recovery factor, the McLaren field may yield recoverable reserves of approximately 1.58 million to 6.31 million stock tank barrels. New advancements in heavy oil recovery technology may enable considerably higher recoveries of the original oil in place.